Common use of OFAC and Patriot Act Clause in Contracts

OFAC and Patriot Act. No Loan Party or any of its Restricted Subsidiaries, and, to the knowledge of the Loan Parties and their Responsible Officers, no officer, director or employee of any Loan Party or any of its Restricted Subsidiaries, appears on the Specially Designated Nationals and Blocked Persons List (“Sanctioned Persons”) published by the Office of Foreign Assets Control (“OFAC”), or is otherwise a person with which any U.S. person is prohibited from dealing under the laws of the United States, unless authorized by OFAC. No Loan Party or any of its Restricted Subsidiaries does business or conducts any transactions with the governments of, or persons within, any Designated Jurisdiction (“Sanctioned Entity”). No Loan Parties or any of their Restricted Subsidiaries will directly or indirectly use the proceeds from this Agreement, or lend, contribute or otherwise make available such proceeds to any Subsidiary of a Loan Party, joint venture partner or other Person (a) to fund any activities of or business with any person that, at the time of such funding, is the subject of any Sanction, or is in any country or territory that, at the time of such funding or facilitation, is a Designated Jurisdiction or (b) in any other manner that will result in a violation of any Sanction by any Secured Creditor. Except as would not reasonably be expected to have a Material Adverse Effect, no Loan Party nor any of its Restricted Subsidiaries is in violation of Executive Order No. 13224 or the Patriot Act.